Detroit Emergency Manager Orr finds a way to put banks before retiree pensions with yet more city debt
Borrowing from Peter Barclays to pay Paul UBS and Bank of America As the trial to determine Detroit’s eligibility for Chapter 9 bankruptcy begins today, Emergency Manager and bankruptcy specialist Kevyn Orr has found a way to ensure that banks are paid off before the tens of thousands of retired city employees with modest pensions earned through their years of […]
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